HR 7244
118th Congress
House
Taxation
End Tax Breaks for Dark Money Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 6, 2024
Referred to the House Committee on Ways and Means.
Feb 6, 2024
Introduced in House
Plain-English summary
End Tax Breaks for Dark Money Act
This bill extends the capital gains tax on transfers of appreciated property to certain tax-exempt social organizations (e.g., civics leagues, agricultural organizations, or business leagues). Currently, the tax is imposed only on transfers to political organizations.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1